In late April, the Ministry for Law and Human Rights issued new regulations relating to limited liability companies (the Regulations).* The Regulations revoke the previous regulations on the topic.** The…
On 31 May 2021, the Indonesia Competition Commission (ICC) enacted new competition law regulations relating to the calculation and payment of fines and bank guarantees for the breach of competition…
A new risk-based licencing system for businesses in certain sectors was introduced through regulation GR 5/2021*, which also revokes the previous regulation on the topic.** This system has introduced different…
In June 2021, Bank Indonesia issued new regulations* introducing a new system to monitor foreign exchange transactions against the rupiah (the Sismontavar System). This Sismontavar System monitors, in real time,…
The Minister for Agrarian Affairs and Spatial Planning has issued Regulation 17,* which sets out the procedures by which the Government may declare a plot of land “destroyed” and consequently,…